The San Carlos Real Estate Week in Review: 8/19/2019.

August 19, 2019

Week-in-Review

This is the first week back for many of the local schools, and the local real estate market is geared up for the beginning of the Fall market.  Just this past week, eight new listing jumped into the market and that pushed our local inventory to 24 homes for sale, up from 18 last week.  Look for the listing activity to increase significantly as sellers race to beat the Labor Day weekend.

For the second straight week, there were more homes that sold below their asking price than homes that sold at or above.  This week in particular was the first time in quite few months that not a single home closed above the list price. This is much more a byproduct of coincidence, and not an indication that the market is taking a nosedive.  There will be other sales this week that will be well above the asking price, as is what we have come to expect in the San Carlos real estate market.

Here are the sales numbers from last week:

The Numbers.

Below is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 8/18/2019:

San Carlos SFR Data 8/18/19 Prior Week
Number of Closed Sales: 4 5
Average Sales Price: $1,700,000 $2,434,200
Median Sales Price: $1,595,000 $2,236,000
Average % Sold vs List Price: 95% 97%
Average DOM of Closed Sales 47 36
Average $/Sq Foot (Sold) $1,185 $990
No. of New Listings: 8 5
Total # of Active Listings: 24 18
Average Price of Active Listings: $2,066,995 $2,260,049
Average DOM of Active Listings: 33 38
Average $/Sq Foot (List) $949 $969
Total # of Homes Pending Sale: 13 15
Active-Pending Ratio: 1.8 : 1 1.2 : 1

The San Carlos Open House Page.

If you're looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you'll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It's updated continuously from the MLS, so bookmark this link and you'll never have to wander around town looking for open houses again.

San Carlos Open House List

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San Carlos Single-Family Residences Sold:

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

1457 Walnut Street

1457 Walnut Street

Address Sold Price Orig. List Difference $/Sq Foot DOM (days)
933 Woodland Avenue (4BR/3BA) $2,450,000 $2,650,000 -$200,000 (-7.5%) $1,000 83
120 Arundel Road (2BR/2BA) $1,630,000 $1,725,000 -$95,000 (-5.5%) $1,148 38
1457 Walnut Street (2BR/1BA) $1,560,000 $1,560,000 $0 (0%) $1,288 31
970 Holly Street (2BR/1BA) $1,160,000 $1,260,000 -$100,000 (-7.9%) $1,303 37

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos last week. Click on the address of each home to see more details and photos:

Address List Price DOM (days)
120 Brook Street $2,088,000 10
1705 Eaton Avenue $3,449,000 5

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New Single-Family Home Listings in San Carlos:

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.

2921 Brittan Avenue

2921 Brittan Avenue

Address List Price BR/BA Sq Ft (home/lot) Listed By
1860 Arroyo Avenue $2,898,000 4BR/4BA 2,938/5,184 Robert Bredel, dwell
2921 Brittan Avenue $1,998,000 4BR/3BA 2,070/10,875 Johnny Heckenberg, Compass
2696 San Carlos Avenue $1,787,000 3BR/2.5BA 2,109/12,608 Alice Chakhmazova, Coldwell Banker
208 Garnet Avenue $1,698,000 3BR/2BA 1,446/5,450 Gary Bulanti, Compass
412 Sycamore Street $1,698,000 3BR/2BA 1,619/5,896 Chris Anderson, Compass
61 Hilltop Drive $1,599,000 3BR/1.5BA 2,060/8,700 Mariana Pappalardo, Today Sothebys
1004 Sylvan Drive $1,588,000 3BR/2BA 1,620/5,000 Lucy Goldenshteyn, Refin
416 Winding Way $1,398,000 3BR/2BA 1,400/5,400 Joseph Polyak, Keller Williams

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address Sold Price Orig. List Difference DOM (days)
3356 La Mesa Drive #9 $1,280,000 $1,198,000 +$82,000 (+6.8%) 4

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address List Price DOM (days)
2 Marigold Lane $1,499,888 32

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Feet Listed By
1109 Royal Lane $1,848,950 3BR/2.5BA 2,590 Jerry Girouard, Giouard Properties

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.

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